EURUSD Forecast

The EURUSD was volatile but indecisive on Friday. Overall we are still in short term bullish phase since the rejection to consistently move below the trend line support/neck line (white) last week but note that actually price still trapped in range area of 1.3500 – 1.2950/00 in medium term outlook as you can see on h4 chart below and some people could be interested in selling the Euro around 1.3450 – 1.3500 resistance area at this phase due to a good risk-reward ratio there. Immediate support at 1.3300. Break below that area could lead us to neutral zone in nearest term testing 1.3200 – 1.3170 support area. On the upside, a clear break above 1.3500 could lead us to a new bullish reversal phase.

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